Archive for the ‘Low wages’ Category

The cost of the F-35 fighter may reach 1.4 trillion. Just one third of that a amount would generate enough interest in CBAs to end poverty in the US without spending a penny of the capital.

Did you know the cost of development of one fighter jet, when put into CBAs or community bank accounts, could generate enough interest to end poverty in the US – and this would not spend a penny of the capital. Compare

1. The cost of the F-35 = $500 billion and counting.

2. The cost to end poverty = Not one cent. The $500 billion is put in community bank accounts, and generates interest. The interest goes to the community, and the capital is never spent.

Which better guarantees security for the US; one plane, or ending poverty within the US permanently.

CBA’s or community bank accounts is a way to end poverty in the US without spending a penny.
Take the money spent on this single plane and put it in local state banks, or credit unions. Then give the monthly interest that it generates to that states poorest cities or counties, one at a time till all have received the monthly interest. Then repeat the process, over and over and over from then on without ever stopping.

The capital is never spent, the interest money keeps coming in forever, and the bank has money that by the CBA rules, it can only loan to those communities too. This empowers the poorest communities with little government interference So there really is no reason now not to end poverty.

We would all work for a cure if 45 million people had a devastating disease. We would find a cure and help them get well. Think of poverty as the disease.

Start with dividing the country into 5 parts of 10 states.
Example, North East, Great Lakes, South, Midwest, West. Then each year for ten years choose one state from each region. Set up a state bank or credit union with 10 Billion dollars. That capital is never spent, the interest that comes in every month from then on forever, goes to that state one county or community at a time. Loans from all that massive money in the bank, can only be loaned to businesses in that state.

The people that live there decide how the money is spent to better help all their community. (Be sure to include D.C. and P.R., etc.). They prepare a budget and keep receipts, with this information open to all to see.

This is a way to end poverty in the US through economic development that builds up the nation. Remember the country had 700 billion it could loan the banks during the banking crisis, and another 500 billion plus for a single plane (F-35). So there is enough to end poverty.

For example: The CBA for one state = 10 billion. That amount invested at a negotiated 6% = 600 million a year or 50 million a month for each and every state from now on. The money never stops coming in.

Want to end poverty in the US without spending a penny? Here’s how it might happen.

Good news! Your state has been selected in the regional lottery.
Your state will receive 50 billion dollars in a Community Bank Account. That money is never spent but it helps the state in two ways.

1. The INTEREST goes to ending poverty in the state by empowering the poorest areas to improve.
2. The capital is available for LOANS to businesses in that state. This may be further used to end poverty by being limited to small business and personal loans only.

What’s next?
The state will make a list of the main centers of poverty in the state. They will:

1. Determine a level of annual income or less, that defines poverty. 2. Determine the number of communities in poverty, and make a list.
Most likely there will be entire rural counties, and certain neighborhoods in larger towns and cities.
3. Take the first month’s interest on the 50 billion, and give it to the first name on the list. Next month the second name, etc. When you finish with the first round. Start again at the top, and continue forever!
4. The community (rural county, or city neighborhood), takes the interest they receive and spends it to improve the entire community.
5. Before the community gets the money, they should make a plan on how they will spend the money, how they will budget the money they get. This record, plus any receipts for expenditures, can be reviewed by a state committee, to check to see that the money was well spent. If it was not, the state can stop the program for that community. So there are checks and balances.
6. When the poverty line improves across the poorest areas, more communities may be added to the list.

My response, yes. Too often people advise others that hard work is enough. But that does not always work.

Here is an example: you go to a bank and ask for free money. They say no. Not working hard enough! You have to try one hundred, or one thousands banks!

This is a problem I see in all the arts. Musicians, writers, filmmakers, artists, etc., all not seeing that how much you work won’t change a system that has become unfair to so many.

Corporations, through media consolidation, have the upper hand in all these industries, and they push profit over quality. Work hard, and work smart. Rebel against the system or you are just asking banks for free money.

Many seem to settle for all the arts to be ruined because of business demands for profit. And they allow their favorite musicians, writers, artists, filmmakers to be marginalized out of fair reviews and careers. For some reason, too many now think that if THEY can search out and find an elusive great talent, that is enough. It is not.

Virtually every talented musician, painter, writer, filmmaker, etc that you have to search for, is making minimum wage. Great talent should be the most celebrated, not the most marginalized.

The history of art has never been like this before. The best art has always been the most talked about, written about, and reviewed. The entire art world is upside down. That is why the art revolution to change it.